XRP (XRP) is back in the green, reclaiming the $3 level today and recouping most of its weekend losses. It’s up 5% in the past 24 hours and has already logged a 35% gain over the last month.
But there could be more gains ahead for XRP. One well-known trader has spotted a falling wedge pattern on the 4-hour chart, and if it breaks out to the upside, we might see the token head toward $4 for the first time.
Meanwhile, the new Telegram trading bot project Snorter (SNORT) continues to impress in presale. Snorter has raised over $2.7 million so far – and early investors believe we could see the SNORT token explode even higher than XRP once it hits exchanges in the coming weeks.
XRP Reclaims $3 as Short Liquidations Boost Price
Over the weekend, XRP briefly dipped to $2.72, but buyers quickly stepped in to halt the slide. And this reversal wasn’t random. According to on-chain data, a massive $18.6 million leveraged short position was partially liquidated after XRP surged back above $2.89.
That liquidation set off a chain reaction – once XRP’s price started moving, other traders with leveraged short positions were forced to buy back in to cover their losses. Forced buying pressure like this tends to snowball fast, and this time was no different.
XRP’s market cap is now closing in on $180 billion again, and derivatives data is looking bullish too – open interest is ticking upward, a sign that traders are re-entering long positions with conviction.
Now that XRP has shaken off the dip, traders are hopeful it can cement itself above $3 by creating support on the 4-hour chart. This is precisely what XRP did back in mid-July when it broke $3 and continued rising.
Falling Wedge Pattern Points to $4 Target for XRP
On Friday, popular analyst XRP Captain spotted a large falling wedge formation on the 4-hour chart – usually a bullish reversal pattern. He noted XRP had bounced cleanly off the lower trendline, suggesting support could be solidifying.
If that support level holds and the wedge breaks to the upside, technical targets line up around $3.65. But beyond that, the next major target could be $4, which is a key psychological milestone.
#XRP Falling Wedge Pattern Identified. Breakout Is On The Horizon🚀🚀🚀 pic.twitter.com/2L5QlU4eE0
— XRP CAPTAIN (@UniverseTwenty) August 1, 2025
Yet this bullish technical setup isn’t the only thing causing optimism. Several XRP ETFs have already launched this year across major U.S. and Canadian exchanges, pushing institutional exposure and daily trading volumes into the billions. And Bloomberg analysts currently give a 95% chance of a spot ETF approval.
On top of that, Ripple’s partnerships with global banks are helping XRP cement its role in cross-border finance. Combine these factors with the falling wedge pattern, and you get a powerful tailwind that could push XRP’s price toward the $4 mark.
Could Snorter Explode Next? New Solana Trading Bot Hits $2.7M in Presale
While XRP looks set for another breakout, some traders are already shifting their attention to smaller, faster-moving plays, like Snorter. Still in presale, Snorter has raised over $2.7 million so far, with the current token price sitting at $0.1001.
Snorter is a Telegram-native trading bot designed for the degen crowd. It’s built on Solana for fast execution and offers sub-second swaps via private RPCs, allowing users to snipe new token launches the moment liquidity appears.
The bot also has smart contract scanners to flag honeypots and rug pulls, cutting down on the usual DEX risks. It even has a built-in wallet, copy trading tools, and support for advanced orders like trailing stop-losses – all integrated into Telegram.
Holding the SNORT token reduces trading fees and can be staked, with yields currently sitting at 157% per year. Plus, 10% of the token supply is set aside for community rewards and 5% for staking rewards.
This mix of passive income potential and trading bot utility is driving massive demand for SNORT. And major influencers are already covering it, with YouTuber Crypto Sender predicting it will bring in a “new era” of meme coin trading.
Ultimately, while XRP might be getting all the attention right now, Snorter is building the kind of early momentum that could deliver much bigger returns.
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